What is the best way to sell my car that is not paid off?

Clemmie Burkleo: Take some photos and post an ad on Craigslist.

Barrett Alosa: If you want to keep your credit you will be out of pocket 5 grand. One option is to trade it in on an car new or used that is less expensive and the $5,000 can be added into your new note just get the very best deal you can so you never end up in this situation again car dealers are notorious thieves and deceivers. After you get over this one, save 5 to 7,000 and buy something cash from an individual after carefully checking it out and you won't have to worry about being upside down and paying all of that crazy interest....Show more

Nicolas Cooley: How you sell the car doesn't change. But you can't sell anything until you pay off the loan in full. You do that by taking the money the buyer gives you and paying off the bank loan. If they don't give you enough money to pay off the loan in full you have to come up with the difference out of your pocket.Remember if you are looking on K! BB for your car's value you must look at the wholesale value, not retail because anyone buying your car WILL NOT pay you retail price for the car. Retail price is reserved for dealers who recondition cars and sell them with warranties. So if you are really $5000 upside down on your car loan you need to come up with 5 grand in cash before you can pay off the loan and legally transfer the title to the new owner....Show more

Will Camus: A couple of people are reading your question wrong. You stated the car is worth 5 grand MORE than you owe, not less (upside down).If you have the cash up front to pay off your loan, the best way to sell it is pay off the note first, get the title, then sell it free and clear. That's easiest.If you can't do that, you'll generally need to sell it at the location of your lender. The buyer hands you the money, you pay off the lender, they hand the title to the new owner. The following explains it:http://www.cars.com/go/advice/Story.jsp?se! ction=se...If you're looking for "easy", trading it in is by f! ar the simplest way. You agree on trade-in value with the dealer, the dealer credits any difference between the trade in value and what you owe on the old one to your downpayment on the new one, then the dealer takes care of it from there. While easiest and by far the least hassle, you'll also get the least amount of money doing it this way. Trade-in value to a dealer (at or below wholesale) is always less than you can get by selling it privately.In short, it comes to a choice between time & hassle vs. money. Pick which you value most.Good luck!...Show more